OMV

OMV (formerly Austrian Mineral Oil Administration, OMV ), with its headquarters in Vienna, is an integrated, international oil and gas companies.

With Group sales of EUR 42.41 billion (2013 ), a workforce of approximately 26,800 worldwide (2013 ) and a market capitalization of EUR 11.35 billion ( end of 2013 ) OMV is the largest listed industrial company in Austria. It is an integrated oil and gas companies in the business areas of the Exploration & Production (E & P), Gas & Power (G & P) and Refining & Marketing (R & M) operates.

• 3.1 Refining & Marketing
• 3.2 Exploration & Production
• 3.3 Gas & Power

History

1956 was the "Austrian Mineral Oil Administration Aktiengesellschaft " from the areas controlled by the Soviet occupying power " Soviet Oil Management" (SMV ).

Four years later (1960 ) the Schwechat refinery was taken at Vienna in operation. In the first IPO of a nationalized company in Austria in late 1987, 15% of OMV were privatized. OMV increased in 1989 with 25% of the Danish plastics group Borealis. The first OMV filling station took on 24 June 1990 to its operation in Vienna Auhof. In the same year the " OMV " took over the Chemie Linz (Holding) group.

End of 1994, the International Petroleum Investment Company ( IPIC) of Abu Dhabi is increasing with time being a 19.6% in Group. In 1995, the group name of " OMV " is changed to " OMV " because the umlaut "ö " in many languages ​​is unusual. In Eastern Europe, OMV is growing: in 2000, the Company acquired approximately 10% of the Hungarian oil company MOL, OMV acquired in 2003 and the upstream division of the German Preussag energy and built the service station network of more.

The market leader in Central and Eastern Europe, OMV in 2004 was the acquisition of 51 % of the Romanian oil and gas group Petrom. In the same year, OMV increases its capital stock, which for the first time, more than 50 % of the shares in free float. After the sale of 50 % of the subsidiary Agrolinz Melamine International GmbH to IPIC in 2005 was fully subscribed, together with IPIC the Borealis group.

The following year, OMV holds a 34 % of the Turkish oil company Petrol Ofisi. The entry in Petrol Ofisi was the largest Austrian investment in Turkey. In May 2006, the Executive Board of OMV and the interconnection are announcing that a merger will be sought. It has been speculated that this idea would be more politically motivated than economically. First, a merger seemed politically possible, ultimately they failed but the opposition of the provincial governors.

2007 increases the OMV shares in the Hungarian oil company MOL initially to 20.2 %; after a takeover bid was rejected in August 2008 by the MOL and the EU Commission had made sharp conditions for authorization, the OMV of its shares sold in March 2009. late 2010 took over the OMV the proportion of Dogan Holding of Petrol Ofisi and keeps thus, 95.75 percent of the company. In 2011 this proportion was increased again to 97%.

In September 2011, a Strategic Plan was published, which is called "Profitable Growth". After that, the OMV will shift the focus of their investments from customer-oriented but low-margin business with refineries and service stations in favor of the upstream region ( E & P). Thither should flow two-thirds of the investments. The aim is to increase the E & P of the total portfolio by 2021 up to 60 %. Regional investment should focus on the Black Sea, the North Sea region, the Caspian region, the Middle East and Sub -Saharan Africa are.

2012 could be made with the Domino -1 well in the Neptun block in front of the Romanian Black Sea coast of the most important find of the year, which has proven to be far the most important gas discovery by OMV.

On 31 October 2013, the participation in the oil and gas fields in the Norwegian Statoil in Norway and the UK has been successfully completed ( West of Shetlands ). The proven and probable reserves will be increased with such participation by approximately 320 million boe. With USD 2.65 billion put this represents the largest acquisition in the company's history

An agreement to sell its 45% stake in German refinery bayernoil was signed in December 2013.

In a ranking by Forbes Magazine the world's largest public companies in the year 2013, the OMV is ranked 304 and thus occupies the leading place of Austrian companies.

Company data

Consolidated figures 2013

With Group sales of EUR 42.41 billion, 26 863 employees and a market capitalization at year-end of EUR 11.35 billion, OMV Aktiengesellschaft is the largest listed industrial company in Austria.

Shareholder structure as of the end of 2013

Divisions

Refining & Marketing

The Refining and Marketing including petrochemicals (R & M) operates three refineries in Schwechat ( Austria ), refinery Burghausen ( Germany ), both equipped with an integrated petrochemical complexes, as well as the Petrobrazi (Romania). An agreement to sell its 45 % stake in bayernoil was signed in December 2013. OMV ( exclusive bayernoil ) a total annual processing capacity of 17.4 million metric tons ( 360,000 bbl / d). The station network consists of approximately 4,200 filling stations in 11 countries with a strong brand portfolio. Together with a high-quality non-oil retail business ( VIVA ) and an efficient commercial business OMV is one of the leaders in their markets.

Exploration & Production

The Exploration & Production (E & P) division has a strong base in Romania and Austria and is continually expanding its international portfolio. OMV had approximately 1,131 million boe at year-end proved reserves and promoted 2013 288 kboe daily. Around 70 % of production came from Romania and Austria, the rest from a growing international portfolio. Oil and natural gas accounted for around 50 % each in production.

Gas & Power

The integrated business unit Gas & Power (G & P) is active across the entire gas value chain. The gas supply portfolio of G & P consists of natural gas from its own production, which is supplemented by contracted volumes. About a 2,000 km long gas pipeline network, and its own gas storage with a capacity of 2.6 billion cubic meters of the gas is supplied to the markets and sold through their own sales channels. The Central European Gas Hub ( CEGH ) has established itself as an important gas trading platform on the gas corridors from east to west and also operates a natural gas exchange. The gas hub in Baumgarten is the largest hub for gas from Russia to Central Europe. OMV also operates two gas-fired power plants in Romania and Turkey.

Criticism of the OMV

In the past, OMV was primarily because of their engagement in Sudan in the criticism. In September 2007, OMV had signed a preliminary agreement with the National Iranian Oil Company, which is to include over 25 years of a business volume of 22 billion euros according to Iranian media reports. While the Austrian Government welcomed the contract negotiations with the declaration of increased independence from Russian supplies, the project was met with the U.S. government and various organizations such as the World Jewish Congress to massive criticism. OMV was called to dispense with the business. In similar protests before the Annual General Meeting 2008 replied OMV boss Ruttenstorfer that had not yet closing the deal in sight and it proposed to ensure greater energy independence from Russian supplies. Furthermore, came the costly takeover attempt of the Hungarian MOL competitor to criticism at the annual general meeting.

Investments

• OMV Refining & Marketing ( 100%)
• OMV Germany (100 %)
• OMV Exploration & Production (100 %)
• OMV Gas & Power (100 %)
• OMV Solutions (100 %)
• Gas Connect Austria (100 %)
• Petrol Ofisi (97%)
• Petrom (51%)
• Borealis (36%)